Friday, August 19, 2011

John Embry-$50 silver will be taken out soon

"“Silver is absolutely explosive. The bullion bank with the large short position has thrown everything but the kitchen sink at the thing on the downside. You had those five margin hikes a couple of months ago as an example and that was all an attempt to hold back something that I don’t think can be held back. All it did was sort of buy two or three more months and now silver is building up power to roar through the $50 all-time high."
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13 comments:

  1. Wynter Benton group is back and indicating that JPM has derivatives tied to silver. They (JPM)are on the wrong side of the trade if silver stays over $36 for 60 days.

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  2. JC: It doesnt take a genius to figure that out. In fact, that was old December news it sounds like, lol, they just recycling it again?

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  3. Thanks! We all knew this. Squeeze, squeeze now till doomsday all those short positions. Ha ha ha. Life is good.

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  4. Silver is going into high orbit. it hit $2 gains just a few minutes ago. I own roughly 275 oz worth. I am hoping this can continue. I would like to pay off my house.

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  5. I think the 60 days is the new info, but anyway; they are indicating they are reloaded and ready to battle to keep the price up or bust the comex. The Hugo news, the recent amount of whistleblowers combined with what seems to be an orchestrated debt debate all to scream get your phyzz now!!

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  6. I can almost guarantee that Blythe's husband will not be getting any pussy this weekend!

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  7. The safety of cash/bonds? Who rights this crap

    http://finance.yahoo.com/news/Stocks-turn-lower-as-traders-apf-4253851125.html

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  8. Zoul: Why in Gods name would you want to pay off a house in a potential hyperinflationary period?

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  9. Tag team and dynamic duo - first gold and now silver taking off like a f**g bullet! And... best of all... markets are tanking like the toxic sludge they are without QE. Hillarios - the so called experts have stopped saying "don't panic", seriously it everybody for themselves (bitchez LOL). I told my Bro to move his company RRSPs the fuck out of equities. Lucky bastard took my advice and breathing a sigh of relief! Now to talk him into PMs.

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  10. I am not saying pay off my house with all my silver. I am saying I just hope it continues so I can pay off my house with a few OZ. My intention is to hold it for the long haul. I already own land and guns and intend on starting a farm.

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  12. This is crazy +2.26. Peter Shiff, James Turk, Mike Maloney etc. All knew their stuff. Everyone else keeps saying the market has bottomed out. Its nice that they would try to get you involved in their death trap.


    The same cannot be said for other authors. I read an interesting article that gave me a laugh.

    http://www.dailyfinance.com/2011/08/19/become-a-millionaire-on-a-minimum-wage-salary/

    This is the advice they give people. What has this world come to.

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  13. Sgs, regarding your question to Zoul: In a hyper-I event, will you walk away from your house and mortgage and buy a new place with phyzz, or will you attempt to pay your house off with inflated fiat? And if you do not have a mortgage, pretend that you do.

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